admin September 12, 2020

Route Mobile Ltd.’s initial public offering (IPO) was subscribed almost 74.28 times on the final day of bidding.

The IPO received bids for around 89.14 crore shares with 1.2 crore shares that were on offer.

Non-institutional investors bids subscribed 195.61 times while institutional investors bid a little more than 90 times. Retail investors subscribed 12.7 times.

The price band for the issue was Rs 345-350 per share and the minimum lot size was 40 shares.

Route Mobile is a cloud communications platform provider.

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